JACKSONVILLE, Fla., September 12 – Northeast Florida’s housing market in August reflected a period of adjustment as buyers and sellers navigated changing conditions across the region. Prices held steady overall, but activity slowed with fewer closed and pending sales, while inventory continued to build compared to last year. Buyers are seeing more choices on the market, though affordability remains a challenge in higher-priced counties. Sellers, meanwhile, are experiencing longer market times and must stay competitive to attract interest. With varying dynamics from county to county, the market continues to evolve in ways that highlight the importance of local knowledge and flexibility.
“Traditionally, the real estate market slows as students head back to school and families settle down”, says NEFAR President, Mario Gonzalez
The median sales price for single-family homes in Northeast Florida’s six-county region rose 1.1% to $398,995. This caused the Home Affordability Index* to stay at 66.In August, closed sales for single-family homes totaled 1,730 transactions, a 9.9% decrease since July. Meanwhile pending sales were at 1,227, which was a decrease of 31.8%. There were 2,431 new listings in the month of August, a 7.9% drop since the previous month.
In August, there was an active inventory of 8,619 properties. This is an increase from the previous year, as the number of properties has grown by 7.5% since August 2024. This rise in inventory from 2024 is a positive change for buyers, as they have many options to choose from. The median number of days on the market was 45.
“As we continue to remain in this balanced market, there are many advantages for buyers and sellers. Experienced and educated Realtors can guide their customers through these conditions”, said Gonzalez
Northeast Florida by County
In Duval County, August showed the median price of single family homes was $340,000, a 4.5% increase from July. In August, homes in Duval County spent a median of 38 days on the market. There were 889 closed sales, and 621 pending sales, both decreases from last month. New listings rose 2.1% to 1341, and there was an active inventory of 4,197 homes—a 4.7-month supply. The Home Affordability Index fell slightly to 78.
In Clay County, in August 2025, the median price for single-family homes decreased by 2.8% from July to $359,000. Homes spent a median of 47 days on the market, a 14.7% increase from July. Closed sales fell 22.8% to 206, and pending sales were at 183. New listings fell 5.6% to 351, while active inventory was at 1,188 homes, representing a 5.8-month supply. The Home Affordability Index increased to 74.
In St. Johns County, the August 2025 median price for single-family homes decreased to$550,000, a 7.4% decrease from July. Homes spent a median of 56 days on the market, a 14.3% increase since the previous month. Closed sales were at 479, with pending sales dropping 37.5%
To 293. There were 518 new listings, 28% less than July. Active inventory was at 2,353 homes, representing a 4.9-month supply. The Home Affordability Index jumped slightly to 48, though St. Johns County remains the most expensive county in the region.
In Putnam County, the August 2025 median price of single-family homes rose to $252,000. The median days on the market dropped 31.9% to 31 days, reflecting shorter sales cycles. Closed sales decreased by 9.3% to 39, while pending sales were at 29. There were 72 new listings, a 7.5% increase from July. The active inventory fell slightly to 290 homes, indicating a 7.4-month supply, and the Home Affordability Index rose to 105, as Putnam remains the most affordable county in the region.
In Nassau County, in August 2025, the median price of single-family homes was $490,000, a 5.4% increase from July. The median days on the market rose 16.7% to 70. Closed sales were down 13.9% to 99, while pending sales were at 99, and there were 120 new listings, a 19.5% decrease from July. Active inventory fell by 5.8% to 508 homes, a 5.1-month supply. The Home Affordability Index dropped to 54, showing a decrease in relative affordability.
In Baker County, August showed a decrease in the median home price, rising to $381,990, which is 10.3% lower than July. Homes spent a median of 38 days on the market. There were 18 closed sales. There were 11 pending sales, and 29 new listings, which was a 52.6% increase. Active inventory rose 16.9% to 83 homes, providing a 4.6-month supply. The Home Affordability Index saw an increase of 2.3% to 93.5.
* The Home Affordability Index measures housing affordability for the region. In other words, it measures whether a typical family earns enough to qualify for a mortgage on a typical home, based on current interest rates, median income, and median home prices. A higher number means greater affordability. This index measures affordability factors for all homebuyers making a 20% downpayment. An index of 100 is defined as the point where a median-income family has the exact amount of income needed to purchase a median-priced existing home. An index value over 100 means that the family has more than enough income, while a value below 100 means that a family doesn’t have enough income to qualify for a mortgage loan.The Northeast Florida Association of Realtors (NEFAR,) serves as the voice of real estate in Northeast Florida. As the region’s largest professional association, it represents more than 13,000 members who work in all facets of the real estate industry including residential and commercial sales and property management. It serves the public through support of community affairs programs and seeks to protect private property rights. The Northeast Florida Multiple Listing Service (DBA realMLS) is a wholly owned subsidiary of NEFAR. NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, and Palatka.
